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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 17, 1998
Page
5
New York AP reports technology shares led a tentative bounce as Monday’s 207-point Dow drop was partly erased with a 37.36 rise to 8,665.29. Nasdaq posted the sharpest gain while outside tech, bargain-hunting stalled amid ongoing Asia worries and profits concerns. Tony Cecin of Piper Jaffray cautioned the bounce may be knee-jerk.
A gift to the Bluefield Area Foundation creates a permanent endowment. The non profit foundation invests principal and spends only the interest on community projects. To contribute in memory of a relative or friend, write to Bluefield Area Foundation Inc. P.O. Box 4127 Bluefield WV 24701.
New York AP reports that Celebra, a forthcoming painkiller from a new class of cox-2 inhibitors, could outsell Viagra and transform arthritis treatment. Analysts forecast Celebra could reach multi billion sales, offering inflammation relief with fewer stomach risks.
Federal Reserve Chairman Alan Greenspan told senators there is no sign of economic danger from a wave of megamergers and urged respect for the dynamism of modern free markets. He noted this is the fifth surge this century with little expected impact beyond past effects, while Sen. Edward Kennedy warned about job losses and large executive golden parachutes.
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